Tag Archives: community economics

Social Insecurities and Resilience

View, print or download a pdf copy here...download link and cover image
View, print or download a pdf copy here…

Eurofound publications on the quality of life inside Europe, offer profound insights into the global ‘state of the nation’ on matters that affect the individual, society and economy.

Social Insecurities and  Resilience, the latest policy brief to be published, highlights how insecure even those perceived as comfortable and secure can be, across Europe.

Eurofound (2018), Social insecurities and resilience, Publications Office of the European Union, Luxembourg. (.pdf)

Authors: Hans Dubois and Tadas Leončikas

Whether being old and feeling exposed when out after dark, or in full employment but doubting that the employment will continue beyond six months hence, the report offers a defining argument for the deployment of economic and social initiatives that put people, their sense of well being and compassionate economic energy at the heart of government thinking.

It is interesting that even across international borders, within Europe, the similarities in unease and concerns are duplicated across communities, whatever their defining local language.

‘Most of the insecurities reviewed in this policy brief have an economic component but are influenced by other factors too. For instance, perceptions of housing insecurity are influenced by tenant protection law, perceptions of old-age income insecurity are influenced by long-term care provision, and perceptions of healthcare insecurity are influenced by the presence or absence of healthcare coverage’.

The significance of having a ‘secure’ life is widely recognised. The United Nations’ 1948 Universal Declaration of Human Rights tells us that everyone has the right to ‘security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his (or her) control’ (Article 25).

In the key findings of the report it is stressed that ‘…only 1% of the EU population enjoys the highest level of security in all five types of social insecurity studied in this brief: personal, housing, healthcare, employment and old-age income. If more types were added, there might be nobody in the EU who feels free of any form of social insecurity’.

The five key measures of insecurity that the report comparatively assesses are…

  • personal insecurity – of being personally unsafe (from crime, for instance)
  • housing insecurity – of losing one’s home
  • healthcare insecurity – of being unable to afford healthcare
  • employment insecurity (for those in employment) – of losing one’s job and
    being unable to find a new one
  • old-age income insecurity – of not having an adequate income in old age

In their policy summary the report authors point out that government and state actors in the provision of services ‘…should be careful not to underestimate how widespread feelings of social insecurity are, especially more moderate forms. These may be early indicators of problems, so preventative policy-making should try to detect better, more
muted levels, as well as higher levels of insecurity’.

This report attempts a broad assay of community feelings across Europe. No small scoping exercise in itself, but when executed as here, then it provides a wealth of evidence and support for the argument that the social enterprise model should become the defining economic and civitas service provision model.

We would argue!

Human capital estimates, UK: 2004 to 2017

The Office for National Statistics has just released updated estimates of the value of human capital. For ONS ‘… the stock of human capital accounts for what skills people have and how much they earn and what qualifications they have, as well as estimating how much longer they will continue to work’.

As such, ONS argues, the value of human capital is often higher in younger workers, which have more years in the labour market ahead of them.

We can look to the historical writings of Adam Smith for the source of the concept for Human Capital, but we owe the the modern Chicago School of economists for this contemporary application of the theory, we would argue.

Human Capital Data icon and web link
View data here

View, download or print the tables containing the ONS data for this report here.

(Spreadsheet in ODS format).

This modern theory was popularized by Gary Becker, an economist and Nobel Laureate from the University of ChicagoJacob Mincer, and Theodore Schultz. However, more recently the new concept of task-specific human capital was coined in 2004 by Robert Gibbon, an economist at MIT, and Michael Waldman, an economist at Cornell. The concept emphasises that in many cases, human capital is accumulated specific to the nature of the task (or, skills required for the task), and the human capital accumulated for the task are valuable to many firms requiring the transferable skills.

The new ONS report delineates the following key estimates…

  • In cash terms the stock of human capital in the UK grew 1.8%. However, once the effects of inflation were removed human capital actually fell by 0.8%. This was the first fall in human capital stocks since 2012, reflecting slower growth in earnings relative to inflation.
  • In 2017, the UK’s ‘real’ full human capital stock was £20.4 trillion, more than 10 times the size of UK GDP.
  • The estimates highlight that in 2004 the pay premium for obtaining a degree was 41% but by 2017 this had fallen to 24%.
  • The ONS analysis also shows that between 2011 to 2017 the average stock of individuals over 35 grew by 7.0%, while the stock of those between 16 and 35 only grew by 3.6%.

We recently published  The Size of the UK Social Enterprise in 2018 – if we believe, as we do,  that the social economy is now a significant influencer of UK trade and business development – then it is pertinent to note that the value of ‘real’ gross human capital is ten times more than GDP.

The social economy must, therefore be a contributor to this value.

Also of note, is the fact that in terms of human capital, according to ONS, … the average stock of individuals over 35 grew by 7.0%, while the stock of those between 16 and 35 only grew by 3.6% over the focus period.

Continue reading Human capital estimates, UK: 2004 to 2017

CIC to a CIO – how to convert?

Did you know that if you are a Community Interest Company (CIC) you can apply to convert directly to a charitable incorporated organisation (CIO)?

Cio governance conversion - signpost image
Which direction?

At the end of August the Charity Commission have just published detailed guidance on what you need to achieve this change in your governance.

The guidance offers five key steps to go through in order to change your organisation status.

 

They are…

Step 1: Prepare a conversion resolution  – see more here.

Step 2: Adopt Charity Commission model constitutionsee more here.

Step 3: Prepare a resolution adopting the CIO constitution  – see more here.

Step 4: Apply for charitable status  – see more here.

Also offered is guidance on what to do after you have appliedsee more here.

You can find full details of the advice pages here – https://www.gov.uk/guidance/convert-a-community-interest-company-to-a-cio

Note: There is a nicely detailed article by Lucy Johnson-Cameron available on the ‘final word’ on the benefits of a CIO, just in case you are in mid-debate, see more here

We are always happy to help in formative discussions about governance.

Contact us here.

 

UK Social Enterprise Awards 2018 – nominees list

The nominations list for the 2018 UK Social Enterprise Awards have just been published.

SEUK - button image and web link
Discover more of SEUK here…

What a cavalcade of fantastic projects, across many impact themes, and a wide geographical spread. The list itself is evidence alone of a thriving, multi-dimensional social enterprise topography in the UK.

Read more about the awards at SEUK here.

Can you see a social enterprise or community change organisation in your area?

Category 1 – UK Social Enterprise of the Year (Sponsored by NatWest)

Auticon

Cafe Direct

Change Please

Point and Sandwick Power/Trust

School Space

Big Lemon

Hertfordshire Independent Living

Wildhearts Group

Allied Health Professionals Suffolk

Category 2 – One to Watch (Sponsored by GLL)

Revival Whitstable – Mind In Bexley Ltd

The Bread And Butter Thing

Minds Ahead

Hey Girls

FamilyCarersNet

The Integrate Agency CIC

Category 3 – Prove It: Social Impact (Sponsored by Employers for Childcare)

Company Shop

Recycling lives

Sharp Futures

Winter comfort for the homeless

Ealing Community Transport (ECT Charity)

Category 4 – ’Buy Social’ – Market Builder (Sponsored by PwC)

Amey

Hackney Co-operative Developments CIC

London Borough Of Tower Hamlets

The University Of Northampton

Category 5 – Social Investment Deal of the Year (Sponsored by Big Society Capital)

Resonance

Social And Sustainable Capital

Clearlyso

Business Enterprise Fund

SharpFutures

Category 6 – Health & Social Care Social Enterprise

Hertfordshire Independent Living Service

East Coast Community Healthcare

Designs in Mind

Baby Lifeline Training

Smile Together Dental CIC

Category 7 – Consumer Facing Social Enterprise (Sponsored by Co-op Group)

Birdsong

Cafédirect

Clarity Employment For Blind People

Fair For You Enterprise Cic

From Babies With Love

Juta Shoes

Madlug Cic

Miss Macaroon

Stand4 Socks

Toast Ale

Category 8 – Education, Training & Jobs Social Enterprise

Alive And Kicking

Enabling Enterprise

The Growth Company

The Hoxby Collective

Civil Aviation Authority (CAA) International

SharpFutures

Category 9 – Environmental Social Enterprise (Sponsored by Landmarc)

Camara Education

Energise Barnsley

Low Carbon Hub

The Skill Mill

The Bread And Butter Thing

Stand4 Socks

Category 10 – Tech for Good: Technology Social Enterprise (Sponsored by Linklaters)

Anglian Community Enterprise (ACE) CIC

Harley Therapy Ltd

Integrated Care 24

Meetwo Education Ltd

NOW Group

Viarama CIC

Category 11 – Women in Social Enterprise (Sponsored by Santander)

Sue Black

Tracey Bush

Rosie Ginday

Elaine Lilley

Marie Marin

Rose Marley

Amma Mensah

Liz Tapner

Category 12 – International Impact (Sponsored by British Council)

Cafe Direct

Skillmill

Camara Education

From Babies With Love

Civil Aviation Authority (CAA) International

Category 13 – Transformative Community Business

BH Live

Choice Housing Ireland

Coast And Vale Community Action

Company Shop

The Exchange Creative Community Cic

Made In Hackney

Category 14 – Employee Engagement

CDS CIC

East Coast Community Healthcare

Halo Leisure

Care Plus Groupk in the judging and award making process!

EBP

Congratulations to everyone, organisation and individual, on the nominations list. We wish you all the very best of luck in the judging and award making process.

Taking a new view

Digging a hiole - image
Getting the right direction of travel first really helps!

Sometimes, in a committee room or at your office desk, starting a new community enterprise – or entertaining the very thought – can be a bit like the image above.

SocEntEastMids logo and web link - About us.Here at SocEntEastMIds we are trying to build a new starting point. A resource for information about social enterprise, news and stories from successes, and those that didn’t go well. To promote understanding and to get easy access to a community project road map.

First principles are important and you can find a good read about building social businesses on our Good Reads page here. We will be expanding our library of good reads in the future. (It’s been our road-map for a long time now too…Ed.)

Having a chat about your idea is also important too. Not all project ideas grow, but those that do invariably begin by talking to experienced practitioners, even informally. You get an idea about a business landscape before you enter it. SocEntEastMIds is happy to have a conversation – contact us here.

Social Enterprise in the UK - British Council - cover image and web link
View, print or download your book here – pdf

The British Council have published a great resource, Social Enterprise in the UK, a sort of ‘SocEnt primer’ and an illustrated overview of the social business sector. One of the best we know.

It covers everything you might need to know about social enterprise and community business – from governance to diversity, from incubation to consortia.

You can download your free copy here. It’s a big book, packed with information and structural insight.

 

If we can help pick a chapter and we’ll come and talk to you about it.  Contact us here.

If you need it, pick a chapter, and we’ll create a one hour workshop and come and deliver it to you.  Contact us here.

We are particularly keen to hear from community groups, faith groups, childcare and education settings of all kinds who are beginning to wrangle with ‘sustainability’.

No charge and, as our Partnership Australian colleagues say, ‘no worries’. You can find out more SocEntEastMids on our About Us page here.


£5.5m Northern Impact Fund launches for social enterprises

 

Imaginaitive with funding, secure in it’s mission for social enterprise – The Key Fund…

Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Matt Smith, CEO of the Key Fund, said: “With this fund we’re offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.”

Source: The Key Fund web site – thekeyfund.co.uk  Accessed 25.09.2016

A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the £5,000 to £150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.

At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.

Interested in business development on these terms, as a social/community enterprise.  See the links below…

Find a full copy/Press Release about the new fund here

Find a full grant/investment profile for the new Fund on-line here

Social Saturday – coming in October

Social Saturday Badge - image
Find out more…

Will you be ready for Social Saturday this year again? A date for your diary, 15th October 2016.

A whole day dedicated to the promotion of, awareness raising about and the engagement with new customers, clients and service users.

Get your Social Enterprise in full broadcast mode with the readily downloadable Media Pack from the Social Saturday web pages. A great resource.

Check our the ideas for promotion, templates for everything from press releases to a letter to your MP or elected members to give  your enterprise a boost, support Social Saturday in 2016.  Celebrate the work of your community with invited guests. Makes great copy!

emailIconMiniYou can always support the team at Social Saturday and add interest to your own energetic promotion by emailing news of your events or occasions to socialsaturday@socialenterprise.org.uk

Give your enterprise a boost, support Social Saturday in 2016.

Finance Innovation – the film

The Finance Innovation Lab have just launched a short film that nicely encapsulates their work, featuring the collaborative, facilitative and encouragement of change aspects of their work.

  • The Finance Innovation Lab seeks to help create alternative business models in the the finance sector.
  • It is a movement for advocacy, promoting financial sectoral change to key actors.
  • They also work to effect ‘change from within’, campaigning for the re-alignment of finance professions to a more equitable and fair model.

The Lab web site has an inciteful article, written by Angela Clements, founder of Fair For You. It shows the journey that a finance sector principal can be driven to follow, when the inequity of access to mainstream credit, for example, makes even more difficult the life of an economically disenfranchised family.

If you’re a full-on corporate banker, do watch the fim and explore the Finance Innovation Lab web pages. You might even turn a corner yourself!

Cabinet Office – Social Investment Awards

 Investing in UK social business…

The Cabinet Office Social Investment Awards recognise the impact social investment is having on communities across the UK.

Now entering its second year, the awards highlight the innovation and dedication of world leading social investors and enterprises, celebrating both the achievements of teams and individuals alike.

The awards are supported by NatWest. In 1999 the bank set up its own charity, Social & Community Capital, to help fund social enterprises and community lenders that cannot access mainstream finance and to help them on their path to the financial mainstream.

The awards have six categories that applicants can enter, free of charge, by nominating their own businesses or social enterprises.

Institutional Social Investment Award
Institutional investment deal or product that has created demonstrable social impact at scale.
New Social Investors Award
Investment deal or product that has attracted new savers and investors into the social investment market.
Social Entrepreneurs Investment Award
Investment deal into an early stage social organisation to create demonstrable social impact.
International Social Investment Award
International investor who has invested through the UK market to create social impact anywhere in the world.
Market Building Award
Organisation that has demonstrated innovative and diverse ways to grow the social investment market in the UK.
Public Service Transformation Award
Social investment deal that has delivered improved public services.

Categories 1-3 and 5-6 are open to nominations from England, Scotland, Wales and Northern Ireland. Category 4 is open to individuals or organisations based anywhere in the world.

The awards close to applications on 18 March 2016. Short-listed nominees will be notified on 1 April 2016 and the awards ceremony will be held in London on 3 May 2016.

For more information see the Cabinet Office Social Investment Awards website.